-$0.07 EPS Expected for Sequans Communications SA (SQNS) This Quarter

Brokerages expect Sequans Communications SA (NYSE:SQNS) to post ($0.07) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Sequans Communications’ earnings. The lowest EPS estimate is ($0.09) and the highest is ($0.06). Sequans Communications also posted earnings per share of ($0.07) during the same quarter last year. The business is expected to announce its next quarterly earnings report on Tuesday, February 12th.

According to Zacks, analysts expect that Sequans Communications will report full-year earnings of ($0.31) per share for the current year, with EPS estimates ranging from ($0.33) to ($0.30). For the next year, analysts forecast that the business will post earnings of ($0.19) per share, with EPS estimates ranging from ($0.21) to ($0.15). Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Sequans Communications.

Sequans Communications (NYSE:SQNS) last announced its quarterly earnings results on Tuesday, October 30th. The semiconductor company reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.01). Sequans Communications had a negative net margin of 75.61% and a negative return on equity of 361.56%. The firm had revenue of $10.30 million for the quarter, compared to analyst estimates of $14.25 million. During the same period in the previous year, the business posted ($0.07) earnings per share. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year.

A number of brokerages have recently commented on SQNS. Zacks Investment Research raised Sequans Communications from a “sell” rating to a “hold” rating in a research note on Friday, November 9th. Canaccord Genuity cut their price target on Sequans Communications from $3.00 to $2.50 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. Finally, B. Riley cut their price target on Sequans Communications from $2.25 to $1.65 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $2.66.

Hedge funds have recently made changes to their positions in the company. FNY Investment Advisers LLC boosted its stake in shares of Sequans Communications by 62.1% during the third quarter. FNY Investment Advisers LLC now owns 130,465 shares of the semiconductor company’s stock valued at $185,000 after purchasing an additional 50,000 shares in the last quarter. Banque Pictet & Cie SA acquired a new stake in shares of Sequans Communications during the second quarter valued at about $326,000. FMR LLC bought a new position in shares of Sequans Communications during the third quarter worth about $558,000. Gradient Investments LLC raised its position in shares of Sequans Communications by 29.3% during the second quarter. Gradient Investments LLC now owns 452,031 shares of the semiconductor company’s stock worth $922,000 after acquiring an additional 102,559 shares during the last quarter. Finally, Numen Capital LLP raised its position in shares of Sequans Communications by 55.3% during the second quarter. Numen Capital LLP now owns 664,830 shares of the semiconductor company’s stock worth $1,355,000 after acquiring an additional 236,830 shares during the last quarter. 37.12% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SQNS stock opened at $1.15 on Wednesday. Sequans Communications has a 12 month low of $0.93 and a 12 month high of $2.61. The stock has a market cap of $85.63 million, a PE ratio of -3.71 and a beta of 2.49. The company has a current ratio of 1.34, a quick ratio of 1.10 and a debt-to-equity ratio of 4.36.

Sequans Communications Company Profile

Sequans Communications SA, together with its subsidiaries, engages in fabless designing, developing, and supplying 4G LTE semiconductor solutions for wireless broadband and Internet of Things applications. Its solutions incorporate baseband processor and radio frequency (RF) transceiver integrated circuits along with proprietary signal processing techniques, algorithms, and software stacks.

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